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Optimism drove the markets higher - Tuesday Review, November 10

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Miguel A. Rodriguez
Miguel A. Rodriguez
11 November 2020
While some markets focused on the earnings season, others praised Pfizer’s vaccine

The US

The vaccine’s effect on the markets started to wear off. Also, the new devices from Microsoft and Apple didn’t stir things up. The USA30 gained 0.9%, while USA500 lost 0.11%. TECH100 fell 1.37%.

Gold went up 1.2%, trading at $1,876.40 per ounce.

Oil climbed 0.9% at $40.64 per barrel. Brent oil closed 1% higher at $42.84.

 

Asia and Australia

Despite the disappointing figures for last month’s Consumer Price Index (CPI) and Producer Price Index (PPI), the benchmarks closed in the green.

HongKong45 rose 0.90%.

Japan225 went up 0.66%after prime-minister Suga instructed the cabinet to put together a new stimulus package to help the country’s battered economy.

Down under, Australia200 traded 0.59% higher.

 

Europe

The markets closed predominantly higher, some of them keeping the optimism induced by Pfizer’s COVID-19 vaccine announcement. Germany30 closed 0.4% lower. France40 and UK100 went up 0.7% and 0.4%, respectively.

EUR/USD traded at 1.1835 after gaining 0.2%.

Sources: investing.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.